First Business Bank has announced its parent company, First Business Financial Services, Inc., was ranked among the top 20 banks nationwide with $1 billion to $5 billion in assets under management by Bank Director magazine in its annual RankingBanking list.
Bank Director uses data compiled by Piper Sandler from S&P Global Market Intelligence to rank banks’ prior year performance in RankingBanking based on total shareholder return, core return on average assets, tangible common equity divided by tangible assets, and nonperforming assets excluding troubled debt restructurings divided by loans and other real estate owned. Bank Director’s RankingBanking ranked First Business Financial Services., Inc., 19 out of 119 top banks with $1 billion to $5 billion assets.
“We are pleased and grateful for this recognition by Bank Director,” said Corey Chambas, president & CEO of First Business Financial Services., Inc., parent company of First Business Bank. “Our team’s relentless focus on sustained growth, asset quality, and diversified revenue streams resulted in excellent performance in 2021. This is, in no small part, also due to the intentional culture we’ve fully invested in to support our driven employees who we feel are our greatest asset.”